NS-KIGOZI Advocates
NS-KIGOZI Advocates
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Islamic Capital Markets

CLEAR LEGAL SOLUTIONS

Islamic Capital Markets

Our firm advises government regulators, Islamic Banks, and conventional banks operating Islamic windows, corporates, DFIs, fund managers, and arrangers on the structuring, issuance, listing, and regulatory compliance of sharia instruments. We provide end-to-end legal service advisory across the full lifecycle of Islamic securities from concept design and sharia structuring to documentation, regulatory approvals, issuance, and post-issuance compliance. Amongst the shariah instruments are:

We advise on asset-backed and asset-based sukuk structures used for sovereign, financial institutions, corporations, and project finance. In the achievement of the same, we structure the transaction and sharia documentation, draft offering circulars, trust deeds, and SPV structuring, asset transfer and beneficiary advisory, regulatory and securities’ approval, tax efficiency and insolvency analysis, trustee arranger and issuer advisory, as well as cross-border sukuk listing. We support issuers in developing sukuk aligned with ESG and sustainable financing principles(green sukuk frameworks).

We structure and advise banks and investment funds. The fund types include Islamic equity funds, Islamic real estate funds, Islamic private equity and commodity murabaha funds, infrastructure and project funds, as well as waqf-linked investment funds. Our services offering funds structures under sharia principles, drafting fund constitutive documents, sharia screening and purification frameworks, regulatory licensing and compliance, custodian and trustee arrangements, and investor disclosure documentation.

We advise financial institutions and corporates on short-term liquidity instruments used in money markets such as commodity-backed liquidity-backed instruments, where we advise on documentation for issuance programs, regulatory approval for listing, sharia governance, documentation, as well as dealer and investor documentation.

Here we advise on the structuring, income distribution models, property SPVs, and trust structures, investor disclosure and compliance, as well as regulatory licensing and listing.

We advise on converting sharia-compliant receivables and assets into tradable securities such as ijara receivables, murabaha receivables, and istisna tradable receivables.